Last Updated : 26-07-2014 11:07

 
 

Business

Bajaj upgrades 3-wheeler models, to phase out existing range

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Three-wheeler major Bajaj Auto unveiled its new re-compact passenger vehicles in the petrol, CNG and LPG variants, which aim to replace the company’s existing range.

Rupee movement no cause for concern: CB Governor

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The fall in Sri Lanka’s rupee currency is no cause for concern as foreign investors have been changing their positions rather than pulling out of the island nation’s bond market, Central Bank Governor Ajith Nivard Cabraal said.

SME lending: Private sector banks account for lion’s share

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Sri Lanka’s private commercial banks have significantly surpassed state-owned banks in funding Small and Medium Enterprises (SMEs) in 2012, a stark contrast to the situation in 2011, the latest annual report of the Ministry of Finance and Planning showed.

Sri Lanka among top investment - conducive countries: Basil

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Sri Lanka has become one of the best countries for Investment since it can now boasts of a peaceful environment and a strong political stabilization after the cessation of hostilities which prevailed for over 30 years, a top cabinet minister said.

CB may take further measures to lower lending rates

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The Central Bank could take more steps to reduce high lending rates if commercial banks do not fall in line with monetary policy rate cuts, a top Central Bank official said yesterday..

Are we mentoring daughters right?

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We all know what a little girl’s world consists of – Barbies, Angelina Ballerinas, soft pink dresses and dainty little...

SEC Chief explains capital markets turnaround strategy

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At the 66th CFA Institute Annual Conference held in Singapore in May, I had the honour and pleasure of interviewing Nalaka Godahewa, the Chairman of the Securities and Exchange Commission (SEC) of Sri Lanka, on the development of the country’s capital markets.

Escalating tensions in the Palk Bay area

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An escalation of fisheries related incidents in the Palk Bay area is threatening to undermine the bilateral Indo-Sri Lanka relations. It is important that this matter is given urgent attention.

Post-2015 agenda for Asia

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With the Millennium Development Goals expiring in 2015, a global debate is underway for a new development agenda to replace them. For Asia, the agenda must in part tackle the unfinished task of poverty reduction under the MDGs

J’pura University to offer Masters in Entrepreneurship next year

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The University of Sri Jayawardenepura’s Faculty of Management Studies and Commerce announced the establishment of a Masters in Entrepreneurship qualification from January 2014.

Central Bank further relaxes foreign exchange regulations

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During the past few years, Sri Lanka’s macroeconomic fundamentals have improved and the domestic financial sector has become stronger and more resilient

T-bill yields steady

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The short term Treasury bill yields fell at yesterday's auction held to re-issue Rs.12 billion maturing bills, the Public Debt Department of the Central Bank said.

Are bottlenecks choking country’s potential?

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Much has been said about Sri Lanka’s potential for growth, and indeed there are many national and corporate plans being rolled out towards this end. There is high focus on several key areas of improvement, such as Infrastructure, policy frameworks, citizen services, education and so on.

Natural Rubber industry challenges

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The global rubber industry has always been concerned over the fluctuating supply and spiralling prices of natural rubber (NR). Natural rubber is a highly valuable biomaterial in contrast with other bio-polymers and it cannot be replaced by other synthetic materials for many vital applications like heavy-duty truck/bus

Expropriated enterprises offered to listed firms, leading private businesses

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Several publicly listed firms and leading business houses in the country have been offered some of the enterprises that were vested with the government under the Revival of Underperforming Enterprises or Underutilized Assets Act in 2011.

Rupee slides to 6-week low, bond sales weigh

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Sri Lanka's rupee hit a six-week low yesterday, weighed down by banks' demands for dollars to settle bond-related sales and importer buying of the U.S. currency, dealers said.

Central Bank orders credit card rate cut

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Central Bank has told commercial banks to cut the interest rate charged on credit card advances by 4 percentage points in a bid to reduce other lending rates, the Deputy Governor said yesterday.

Nestlé Lanka’s CorpCom boss appointed new EDB Chairman

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Nestlé Lanka PLC’s Bandula Egodage has been appointed as the Chairman/Chief Executive Officer (CEO) of the Export Development Board (EDB) of the Ministry of Industry and Commerce, ministry officials stated.
 

Aussie firm to make US$ 150mn mineral sands investment

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An Australian firm is looking to make an initial US$ 150 million investment in Sri Lanka’s mineral sands prospects in the near future, according to Australian High Commissioner to Sri Lanka, Robyn Mudie.

Hemas - Thailand’s Minor in US$ 70mn hotel project

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Sri Lanka’s Hemas Holdings PLC, a family-run conglomerate with a strong presence in FMCG and healthcare sectors has embarked on to develop 3 new hotel properties in partnership with Thai-based Minor Group, a top official of the firm said.

Weather advisories and disaster management in Sri Lanka

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It was  most timely that  Razik Zarook ,Chairman ,Bank of Ceylon ,Former Chairman NARA and co- Chair of Our Nations and the Sea (ONS)  in his address at the World Ocean Day on  June 7 (2013) at the BMICH  highlighted  the....

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MR shows the way
DM participates in Ifthar ceremony
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MR shows the way
DM participates in Ifthar ceremony
Another train derailment
Mahela notches up 150